Rise of Industry & Big Business

Size: px
Start display at page:

Download "Rise of Industry & Big Business"

Transcription

1 The Gilded Age: Rise of Industry & Big Business A16W

2 Origins of the Term: Mark Twain s The Gilded Age (1873)

3 GUIDING QUESTION Why did the United States become an industrial power in the period 1865 and 1900? How did this economic growth also cause problems?

4 QUESTION TO CONSIDER Has capitalism been good or bad for the United States?

5 Causes of Rapid Industrialization

6 Rise to Industrial Supremacy Percent of World Industrial Output

7 Causes of Rapid Industrialization 1. abundant supply of raw materials 2. abundant labor supply - migration, immigration 3. new technology innovations that raise productivity Patents - US granted 36K total patents prior to 1860, 440K from

8 Causes of Rapid Industrialization 4. abundant capital 5. talented businessmen (entrepreneurs) 6. new types of business organization 7. growing markets expansion of population and settled area (West, cities) 8. business-friendly governments laissez-faire, but: subsidies, tariffs 9. steam revolution of 1830s-1850s - railroads

9 Industrial Production, 1919

10 OLD INDUSTRIES TRANSFORMED, NEW INDUSTRIES BORN OUT OF NEW TECHNOLOGY & INNOVATION

11 Railroad Network 1860s

12 Railroad Network 1870s

13 Railroad Network 1880s

14 1. RAILROADS Dramatic expansion key factor in industrial development: First big business in the U.S. Corporations, stock New methods of management pools (cartels) Key to opening the West Aided the development of other industries

15 Railroads Create Great Wealth Cornelius Vanderbilt Jay Gould

16 2. STEEL Bessemer-Kelly Process

17 2. STEEL & Carnegie Andrew Carnegie mass production economies of scale vertical integration Coke fields Iron ore deposits Steel mills purchased by Carnegie purchased by Carnegie Labor? purchased by Carnegie Ships purchased by Carnegie Railroads purchased by Carnegie

18 Iron and Steel Production, 1900

19 Carnegie Mansion, New York

20 Iron & Steel Production

21 International Steel Production, 1880 & 1914

22 3. OIL & Rockefeller George Bissell Edwin Drake Oil Field, Western PA, 1860s

23 John D. Rockefeller Standard Oil Co. horizontal integration 3. OIL

24 3. OIL & Rockefeller trust monopoly holding company Problem of the trusts

25 4. ELECTRICITY & Edison Thomas Edison Thomas Edison in his Menlo Park, NJ Lab

26 Edison s Menlo Park Lab

27 The Phonograph (1877) The Ediphone or Dictaphone The Motion Picture Camera Edison: innovator businessman Age of technology

28 5. The AUTOMOBILE, Ford & Mass Production Henry Ford Fordism Taylorism 1913 Ford Model T The Moving Assembly Line

29 Ford & Mass Production Taylorism Model T Prices & Sales, Frederick W. Taylor The Principles of Scientific Management (1911)

30 6. Consolidation J.P. Morgan consolidation holding companies corporate mergers J.P. Morgan Number of corporate mergers,

31 Industrial Consolidation: Iron & Steel Firms

32 Wall Street: 1867 & 1900

33 Wealth Concentration Held by Top 1% of Households

34 DEFENDING & CRITICIZING THE NEW INDUSTRIAL CAPITALIST CULTURE

35 The Protectors of Our Industries

36 The Bosses of the Senate

37 GUIDING QUESTION How did proponents justify the extremes of wealth and poverty in the United States in the late 19th and early 20th centuries? How did critics explain the extremes and what, if anything, did they propose to do about it? Herbert Spencer / William Graham Sumner Andrew Carnegie, The Gospel of Wealth Horatio Alger Booker T. Washington Henry George, Progress and Poverty Eugene V. Debs

38 DEFENSES OF THE NEW INDUSTRIAL CAPITALISM laissez-faire Adam Smith social darwinism Herbert Spencer survival of the fittest Andrew Carnegie The Gospel of Wealth Russell Conwell Acres of Diamonds Horatio Alger Protestant work ethic Herbert Spencer Russell H. Conwell

39 Defenses of Industrial Capitalism Social Darwinism The growth of a large business is merely the survival of the fittest. -John D. Rockefeller

40 CRITICISMS OF INDUSTRIAL CAPITALISM Socialist Labor Party Eugene Debs Henry George, Progress and Poverty Edward Bellemy, Looking Backward business cycle recessions and panics

By: Ms. Susan M. Pojer Horace Greeley HS Chappaqua, NY

By: Ms. Susan M. Pojer Horace Greeley HS Chappaqua, NY By: Ms. Susan M. Pojer Horace Greeley HS Chappaqua, NY Essential Questions 1)Industrialization increased the standard of living and the opportunities of most Americans, but at what cost? 2) How did new

More information

Do Now. Read Historical Context section of DBQ 11.

Do Now. Read Historical Context section of DBQ 11. Do Now Read Historical Context section of DBQ 11. INDUSTRIALIZATION & BIG BUSINESS Ms Luco US Hist Nov. 27-28 Standards SSUSH11 Examine connections between the rise of big business, the growth of labor

More information

A NEW INDUSTRIAL AGE

A NEW INDUSTRIAL AGE A NEW INDUSTRIAL AGE 1870-1900 EXPANSION OF INDUSTRY New innovations and inventions lead to the growth of industry and changes in the American economy. I. Expansion of Industry After the Civil War, the

More information

Gilded Age

Gilded Age Gilded Age 1870-1900 Presidents of the Gilded Age U.S. Grant 1869-1877 Rutherford B. Hayes 1877-1881 James Garfield 1881 Chester A. Arthur 1881-1885 Grover Cleveland 1885-1889 and 1893-1897 Benjamin Harrison

More information

7/10/2009. How do you land this thing!

7/10/2009. How do you land this thing! How do you land this thing! 1 2 Commercial Requirements Requirements--The commercial must: Include at least one visual of the invention. A picture, model, or something similar. The picture must be of the

More information

Industrialization & Big Business

Industrialization & Big Business Industrialization & Big Business Industrialization First began in US during the early 1800s Accelerated during the Civil War By 1900, US had become the world s leading industrial power Natural Resources

More information

Industrial Age- 1. Identify 4 factors 2. Identify 3 entrepreneurs and their industry 3. Analyze 2 reasons for the Government s inaction

Industrial Age- 1. Identify 4 factors 2. Identify 3 entrepreneurs and their industry 3. Analyze 2 reasons for the Government s inaction Industrial Age- from 1860-1900 the US transforms from an agricultural nation to the largest manufacturing nation in the world Think- Why do you feel the US is one of the most productive, richest, and industrial

More information

Time Zones: Created by railroad companies in order to avoid railroad accidents and ensure passenger safety

Time Zones: Created by railroad companies in order to avoid railroad accidents and ensure passenger safety UN#1: Industrialization Key Terms Answer Key Directions: Develop a definition to the following key vocabulary terms: Gross National Product (GNP): A measurement of a country s industrial output and wealth

More information

Industrialization. The Gilded Age

Industrialization. The Gilded Age Industrialization The Gilded Age Warm up 1.What does it mean to be Gilded? 2.How does this best describe the Gilded Age? ssential Questions: Unit 2: The Gilded Age. Was the rise of industry good for the

More information

Chapter 16 Section 1: Railroads Lead the Way

Chapter 16 Section 1: Railroads Lead the Way Chapter 16 Section 1: Railroads Lead the Way Railroads spur the economy standard gauge consolidation railroad barons time zones US8.12 Students analyze the transformation of the American economy and the

More information

The Rise of Industrialization

The Rise of Industrialization The Rise of Industrialization 1865-1900 Two major changes occur in U.S. in last half of 1800 s A. Population shifting from rural to urban 1870 s population: 40 million (75% live in rural areas 1900 population:

More information

Causes & Impact of Industrialization

Causes & Impact of Industrialization Causes & Impact of Industrialization From Agriculture to Industry At the time of the Civil War, the leading source of economic growth was agriculture. Forty years later, manufacturing had taken its place.

More information

The Industrial Revolution, Corporations, and the Labor Movement

The Industrial Revolution, Corporations, and the Labor Movement The Industrial Revolution, Corporations, and the Labor Movement --- The Industrial Revolution --- A. Progress and Poverty: Centennial Exhibition of 1876 Celebrating America s Promise --- The Industrial

More information

Guided Reading & Analysis The Rise of Industrial America,

Guided Reading & Analysis The Rise of Industrial America, Guided Reading & The Rise of Industrial America, 1865-1900 AMSCO Chapter 16- The Second Industrial Revolution pp 318-332 Reading Assignment: Ch. 16 AMSCO; If you do not have the AMSCO text, use Chapter

More information

Robber Barons vs. Captains of Industry

Robber Barons vs. Captains of Industry Robber Barons vs. Captains of Industry Warm Up: Complete the following to the best of your knowledge: In a capitalist economy, how are prices determined? Explain the difference between a corporation and

More information

Industrialization. January 25th & 26th

Industrialization. January 25th & 26th Industrialization January 25th & 26th Warm Up - January 25th & 26th Based on what we have talked about with Jim Crow South, Westward Expansion, Urbanization, and Immigration Is progress a good or bad thing?

More information

Industrialization Presentation

Industrialization Presentation Industrialization Presentation 2) I can identify, explain, and compare the first and second Industrial Revolutions in the U.S. 3) I can define Industrial Revolution Rapid economic growth primarily driven

More information

The Industrialization of the United States s 1910 s

The Industrialization of the United States s 1910 s The Industrialization of the United States 1860 s 1910 s The South Builds Railways O After the Civil War, the South began building more railroads to rival those of the North. O South now relied on its

More information

Warm Up. 1 Use your ipad to research The Gilded Age

Warm Up. 1 Use your ipad to research The Gilded Age Warm Up 1 Use your ipad to research The Gilded Age 2 Create an bubble map with 20 bubbles on people, events, facts and other informacon on the Cme period known as the Gilded Age The Gilded Age The Gilded

More information

WARM UP. 1 You have 20 minutes to begin working on the study guide for your first test tomorrow

WARM UP. 1 You have 20 minutes to begin working on the study guide for your first test tomorrow WARM UP 1 You have 20 minutes to begin working on the study guide for your first test tomorrow 2 The study guide gives you an additional 15 points on the test 1 To pass test = study guide and 45 2 To get

More information

1. Write the letter of the name that matches the description. A name may be used more than once.

1. Write the letter of the name that matches the description. A name may be used more than once. Page 1 1. Write the letter of the name that matches the description. A name may be used more than once. a. Edwin L. Drake c. Christopher Sholes e. Alexander Graham Bell b. Henry Bessemer d. Thomas Alva

More information

Industrialization and Urbanization

Industrialization and Urbanization SSUSH 11 The student will describe the economic the social and the geographic impact of the growth of big business and technological innovations after Reconstruction. Industrialization and Urbanization

More information

The Industrial Age. Chapter 19 Page 610

The Industrial Age. Chapter 19 Page 610 The Industrial Age Chapter 19 Page 610 The Second Industrial Revolution Chapter 19 Section 1 page 614 Breakthroughs in Steel Processing Second Industrial Revolution, a period of rapid growth in U.S. manufacturing

More information

AIM: Was big business helpful or hurtful to America?

AIM: Was big business helpful or hurtful to America? US Economy Capitalism- Laissez-Faire- Types of Big Businesses Corporation = 3 or more people Monopoly = 1 person controls an ENTIRE industry Ms. V s pen Mr. K s pen Ms. V. Trust = 2 companies join together

More information

Industry Comes of Age Growth of Railroads. Growth of Railroads 12/4/13. Presented by: Mr. Anderson, M.Ed., J.D.

Industry Comes of Age Growth of Railroads. Growth of Railroads 12/4/13. Presented by: Mr. Anderson, M.Ed., J.D. Industry Comes of Age 1866-1900 Presented by: Mr. Anderson, M.Ed., J.D. Carnegie Steel Mill, Youngstown, Ohio, 1910 1 1860 35,000 Miles of Track 1900 192,000 Miles of Track Central Pacific-Union Pacific

More information

Big Businesses, Technology, and Labor Unions. Unit 6 SSUSH11

Big Businesses, Technology, and Labor Unions. Unit 6 SSUSH11 Big Businesses, Technology, and Labor Unions Unit 6 SSUSH11 Following the Civil War and Reconstruction Cities like Atlanta, Georgia and Dallas, Texas become significant railroad hubs and manufacturing

More information

The Making of Industrial Society. Chapter 30

The Making of Industrial Society. Chapter 30 The Making of Industrial Society Chapter 30 The Making of Industrial Society Industrialization was essential to the modern world and its effects were global. Demographic changes Urbanization Imperialism

More information

Chapter 5 Notes: The Industrial Age. The railroad system expanded rapidly in the late 1800s, building large fortunes for some wealthy businesspeople.

Chapter 5 Notes: The Industrial Age. The railroad system expanded rapidly in the late 1800s, building large fortunes for some wealthy businesspeople. Chapter 5 Notes: The Industrial Age Section 1: Railroads Lead the Way The railroad system expanded rapidly in the late 1800s, building large fortunes for some wealthy businesspeople. Those who labored,

More information

Industrialization. Chapter 5

Industrialization. Chapter 5 Industrialization Chapter 5 Was Edison a failure? The Rise of Industry Industrial Revolution started in the early 1800s in the U.S. By the late 1800s, the U.S. was the world s leader in industry Gross

More information

First Industrial Revolution: Late 18 th century to 1860

First Industrial Revolution: Late 18 th century to 1860 1 First Industrial Revolution: Late 18 th century to 1860 Rotary press Cotton gin Steel plow Sewing machine Mechanical reaper Telegraph Early train 2 Importance of the railroad Early railroads Innovations

More information

AP United States History SCORING GUIDELINES

AP United States History SCORING GUIDELINES AP United States History SCORING GUIDELINES Long Essay Question Evaluate the extent to which new technology fostered change in United States industry from 1865 to 1900. Maximum Possible Points: 6 Points

More information

Railroads and Rise of Big Business. Age. Transcontinental Railroad. Term coined by

Railroads and Rise of Big Business. Age. Transcontinental Railroad. Term coined by Railroads and Rise of Big Business Age Term coined by Refers to last quarter of the 19th century Looked glitzy, but not pure Transcontinental Railroad Central Pacific and Union Pacific Railroads met at

More information

Expansion and Reform: Technology of the 1800s

Expansion and Reform: Technology of the 1800s Expansion and Reform: Technology of the 1800s By Brent D. Glass, The Lehrman Institute of American History, adapted by Newsela staff on 11.18.16 Word Count 977 Railroad workers celebrate at the driving

More information

Creating America (Survey)

Creating America (Survey) Creating America (Survey) Chapter 20: An Industrial Society, 1860-1914 Section 1: The Growth of Industry Main Idea: The growth of industry during the years 1860 to 1914 transformed life in America. After

More information

AP World History (Povletich) CHAPTER 30 OUTLINE The Making of Industrial Society

AP World History (Povletich) CHAPTER 30 OUTLINE The Making of Industrial Society AP World History (Povletich) CHAPTER 30 OUTLINE The Making of Industrial Society BACKGROUND KNOWLEDGE: The previous chapter describes the dramatic political changes that followed the American and French

More information

PART I - THE EXPANSION OF INDUSTRY

PART I - THE EXPANSION OF INDUSTRY PART I - THE EXPANSION OF INDUSTRY Before the 1860 s, the US was mostly agricultural. By the 1920 s, it was the most industrialized nation on Earth. How? This was due to several factors a wealth of natural

More information

C H A P T E R 2 4 A P U S H I S T O RY

C H A P T E R 2 4 A P U S H I S T O RY INDUSTRY COMES OF AGE C H A P T E R 2 4 A P U S H I S T O RY PERIOD 6 KEY CONCEPTS: Key Concept 6.1: Technological advances, large-scale production methods, and the opening of new markets encouraged the

More information

TEST #6. SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction.

TEST #6. SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction. TEST #6 SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction. SSUSH12 The student will analyze important consequences of American industrial growth.

More information

Copyright 2012 Study Island - All rights reserved.

Copyright 2012 Study Island - All rights reserved. The Rise of Big Business Copyright 2012 Study Island - All rights reserved. 1. John D. Rockefeller originally made his fortune in which industry? A. electronics B. oil C. railroad D. steel 2. Which leader

More information

Beginning the DBQ: Part 1: FOR

Beginning the DBQ: Part 1: FOR Beginning the DBQ: Part 1: FOR Your Task: You have been assigned a position. This means that no matter your personal opinion, you must argue in favor of the position you have been assigned. Your Position:

More information

The Making of Industrial Society (Bentley - Chapter 30)

The Making of Industrial Society (Bentley - Chapter 30) The Making of Industrial Society (Bentley - Chapter 30) Industrialization was essential to the modern world and its effects were global. It also had enormous effects on the economic, domestic, and social

More information

John D. Rockefeller. Net Worth: $318 billion. A short history of John D. Rockefeller

John D. Rockefeller. Net Worth: $318 billion. A short history of John D. Rockefeller John D. Rockefeller Net Worth: $318 billion A short history of John D. Rockefeller John Davison Rockefeller ( born July 8, 1839 died May 23, 1937) was an American industrialist and philanthropist 1. Rockefeller

More information

WARM-UP Grab your books Pass forward your homework Answer the following questions in your notebook: Why was the transcontinental railroad such a big

WARM-UP Grab your books Pass forward your homework Answer the following questions in your notebook: Why was the transcontinental railroad such a big WARM-UP Grab your books Pass forward your homework Answer the following questions in your notebook: Why was the transcontinental railroad such a big deal for our country? Why did the government give land

More information

AP World History (Povletich) CHAPTER 30 OUTLINE The Making of Industrial Society

AP World History (Povletich) CHAPTER 30 OUTLINE The Making of Industrial Society AP World History (Povletich) CHAPTER 30 OUTLINE The Making of Industrial Society BACKGROUND KNOWLEDGE: The previous chapter describes the dramatic political changes that followed the American and French

More information

New Technologies & Economic Systems

New Technologies & Economic Systems New Technologies & Economic Systems o 1865-1920 o From farm to fab in t-minus fiftyfive years o This enormous growth was due to three factors: 1) Natural resources 2) Large labor supply 3) Technology Coal

More information

Lecture 1: The Rise of Big Business in the Gilded Age

Lecture 1: The Rise of Big Business in the Gilded Age Lecture 1: The Rise of Big Business in the Gilded Age Famous photograph taken by A.J. Russell, the photographer of the Union Pacific Railroad, commemorabng the Last Spike of May 10, 1869, in Promontory

More information

The Men Who Built America Episode 1: A New War Begins

The Men Who Built America Episode 1: A New War Begins Episode 1: A New War Begins Episode Description: As the nation attempts to rebuild following the destruction of the Civil War, Cornelius Vanderbilt is the first to see the need for unity to regain America

More information

Unit 6: Development of an Industrial United States ( ) Part 2: The Rise of Big Business in America

Unit 6: Development of an Industrial United States ( ) Part 2: The Rise of Big Business in America Unit 6: Development of an Industrial United States (1870-1920) Part 2: The Rise of Big Business in America ObjecKves: 1. Explain why the steel industry became important a8er the Civil War. (9.4.4.20.1)

More information

The Rise of Industry 1

The Rise of Industry 1 The Rise of Industry Did the benefits of industrialization outweigh the costs? P R E V I E W Think about the inventions or innovations that have occurred in your lifetime. On a separate sheet of paper,

More information

LESSON 1: ETHICS, BUSINESS, AND GOLD, Vocabulary

LESSON 1: ETHICS, BUSINESS, AND GOLD, Vocabulary LESSON 1: ETHICS, BUSINESS, AND GOLD, 1870 1905 Vocabulary Gilded Age The time period from about 1870 to 1900; implies a layer of gold on the surface, but rotten underneath Pool agreement/cartel Businessmen

More information

Big Business and Organized Labor. Chapter 18, Section 2

Big Business and Organized Labor. Chapter 18, Section 2 Big Business and Organized Labor Chapter 18, Section 2 Big business changed the workplace and give rise to labor unions. In the late 1800s, businesses expanded, factories cranked out goods, and profits

More information

CHAPTER 6: A NEW INDUSTRIAL AGE LATE 19 TH CENTURY AMERICA EXPERIENCED AN INDUSTRIAL BOOM

CHAPTER 6: A NEW INDUSTRIAL AGE LATE 19 TH CENTURY AMERICA EXPERIENCED AN INDUSTRIAL BOOM CHAPTER 6: A NEW INDUSTRIAL AGE LATE 19 TH CENTURY AMERICA EXPERIENCED AN INDUSTRIAL BOOM SECTION 1: THE EXPANSION OF INDUSTRY After the Civil War (1865) the U.S. was still largely agriculture By 1920,

More information

The Men Who Built America Episode 1: A New War Begins - Vanderbilt

The Men Who Built America Episode 1: A New War Begins - Vanderbilt Name: Episode 1: A New War Begins - Vanderbilt 1. Soon after acquiring his first ferry, what reputation did Vanderbilt earn? 2. Why did they call him The Commodore? 3. In 1866, Vanderbilt was especially

More information

Gilded Age: Industrialization

Gilded Age: Industrialization Gilded Age: Industrialization Economic changes may lead to positive and negative effects on a nation. Warm up Notes Activity Agenda Warm up In your notes tell me how inventions lead to the industrialization

More information

Sample file. GROWTH AND TRANSFORMATION: United States History Workbook #8. Workbooks in This Series: Table of Contents:

Sample file. GROWTH AND TRANSFORMATION: United States History Workbook #8. Workbooks in This Series: Table of Contents: Page2 Student Handouts, Inc. www.studenthandouts.com Workbooks in This Series: 1. Early America 2. The Colonial Period 3. The Road to Independence 4. The Formation of a National Government 5. Westward

More information

Railroads Lead The Way Inventions An Age of Big Business Industrial Workers

Railroads Lead The Way Inventions An Age of Big Business Industrial Workers Railroads Lead The Way Inventions An Age of Big Business Industrial Workers Questions Setting up for Cornell Notes Draw a line across the paper about 3 lines down from the top Draw line down 1/3 rd across

More information

Industrialization Study Guide

Industrialization Study Guide Daniel Nissim Copyright Daniel Nissim 2005/2006 Vocabulary Haymarket Affair: This was an event taking place in Haymarket square in Chicago. The McCormick Harvester Company locked out striking union members.

More information

The Industrial Revolution. The Revolution that changed the world forever

The Industrial Revolution. The Revolution that changed the world forever The Industrial Revolution The Revolution that changed the world forever Industrial Having to do with industry, business or manufacturing Revolution a huge change or a change in the way things are done

More information

First Industrial and Financial Elite. How Entrepreneurship in Transportation, Communication, Manufacturing, and Finance Changed America,

First Industrial and Financial Elite. How Entrepreneurship in Transportation, Communication, Manufacturing, and Finance Changed America, First Industrial and Financial Elite How Entrepreneurship in Transportation, Communication, Manufacturing, and Finance Changed America, 1865-1900 Is your cell phone on? A very serious looking Andrew Carnegie,

More information

Who Benefited From Transportation Improvements?

Who Benefited From Transportation Improvements? Who Benefited From Transportation Improvements? We ve seen that many of the transportation improvements led to major reductions in shipping costs but didn t necessarily lead to big profits for investors

More information

Friday September Bellringer: CEC over Carnegie and Wealth on Page Left Column Notes: Chapter 4.2

Friday September Bellringer: CEC over Carnegie and Wealth on Page Left Column Notes: Chapter 4.2 All Electronics Off & Away!!! Friday September 8 1. Bellringer: CEC over Carnegie and Wealth on Page 113 2. Left Column Notes: Chapter 4.2 10 Facts from video: Vanderbilt, Rockefeller, Carnegie, Morgan

More information

AIM: WHAT WAS THE IMPACT OF THE INDUSTRIAL REVOLUTION?

AIM: WHAT WAS THE IMPACT OF THE INDUSTRIAL REVOLUTION? *COMMON CORE TASK* 10/07/13 AIM: WHAT WAS THE IMPACT OF THE INDUSTRIAL REVOLUTION? Do Now: Collect Comparative Essays Hand out Common Core Task Common Core Task Did the benefits of the Industrial Revolution

More information

Score. Score of 3: Score of 5: Score of 4: Score of 2/1

Score. Score of 3: Score of 5: Score of 4: Score of 2/1 What do you need? Simulation will be THURSDAY- need your letters by tomorrow or you can t participate! Copy of someone s DBQ Highlighter (I will provide if you need one) Pen/Pencil DBQ: Peer Edit 1- Highlight

More information

The Wealthy of the Gilded Age

The Wealthy of the Gilded Age The Wealthy of the Gilded Age Top 3 Richest Men of All Time Ruthless, idealistic, lucky, and talented Bill Gates III worth $60 billion (ranks 5 th ) John Jacob Astor worth $85 billion (ranks 4 th ), wealth

More information

UNIT II: A NEW INDUSTRIAL AGE (GILDED AGE) CHAPTER 6 MR. BOOTH US HISTORY

UNIT II: A NEW INDUSTRIAL AGE (GILDED AGE) CHAPTER 6 MR. BOOTH US HISTORY UNIT II: A NEW INDUSTRIAL AGE (GILDED AGE) CHAPTER 6 MR. BOOTH US HISTORY THE EXPANSION OF INDUSTRY After the Civil War (1865) the U.S. was still largely agrarian. What is agrarian? By 1920, the U.S. was

More information

The Industrial Revolution Phase II CHAPTER 11 SECTION 1

The Industrial Revolution Phase II CHAPTER 11 SECTION 1 The Industrial Revolution Phase II CHAPTER 11 SECTION 1 The First Industrial Revolution Focus on the introduction of: Textile Industry Railroad construction Iron production And coal extraction and use

More information

Industry and Reform SS8

Industry and Reform SS8 Industry and Reform SS8 How have technology & innovation changed the course of American history and its citizens? UNIT 7: Industry and Reform WARM UP: Draw your cover page on your Unit 7 divider. Factory

More information

NAME DATE CLASS steel track begins replacing iron track

NAME DATE CLASS steel track begins replacing iron track Lesson 1 Railroads Lead the Way ESSENTIAL QUESTION How does technology change the way people live and work? GUIDING QUESTIONS 1. How did railroads pave the way for growth and expansion? 2. What industries

More information

WARM UP. 1 Finish the industrialization investigation that we began yesterday. 2 When finished upload your Google Doc to Google Classroom

WARM UP. 1 Finish the industrialization investigation that we began yesterday. 2 When finished upload your Google Doc to Google Classroom WARM UP 1 Finish the industrialization investigation that we began yesterday 2 When finished upload your Google Doc to Google Classroom 3 Also take this opportunity to upload your bimetallism vs. gold

More information

AP UNITED STATES HISTORY 2001 SCORING GUIDELINES. Question 4

AP UNITED STATES HISTORY 2001 SCORING GUIDELINES. Question 4 AP UNITED STATES HISTORY 2001 SCORING GUIDELINES Question 4 The 8-9 Essay: Presents a clearly stated, well-developed thesis addressing the developments in transportation that sparked economic growth from

More information

The Expansion of American Industry:

The Expansion of American Industry: The Expansion of American Industry: 1850-1900 United States History Week of February 23, 2015 Changes in Daily Life What are some inventions and innovations that have changed daily life today? 1865: no

More information

The Rise of Industry

The Rise of Industry The Rise of Industry Reading Notes Key Content Terms As you complete the Reading Notes, use these terms in your answers. At the end, take a highlighter and highlight all the times you use these terms.

More information

Warm-UP. As the nation was growing (early stages) explain why it may have been tempting and perhaps easier to take part in illegal business activity.

Warm-UP. As the nation was growing (early stages) explain why it may have been tempting and perhaps easier to take part in illegal business activity. Warm-UP As the nation was growing (early stages) explain why it may have been tempting and perhaps easier to take part in illegal business activity. The Railroads The Transcontinental Railroad In 1862

More information

HISTORY ALIVE CH 13: AGE OF INNOVATION AND INDUSTRY

HISTORY ALIVE CH 13: AGE OF INNOVATION AND INDUSTRY HISTORY ALIVE CH 13: AGE OF INNOVATION AND INDUSTRY (Correlates with Chapter 3 in Our Class Textbooks) SECTION 1 INTRODUCTION In September 1878, a young inventor from Menlo Park, New Jersey, went to see

More information

Welcome to Class! R5Vf3lpPac

Welcome to Class!   R5Vf3lpPac Welcome to Class! https://www.youtube.com/watch?v=r R5Vf3lpPac Bell-Ringer: Significant Inventions The following is a list of inventions. Rank them from most to least significant (in your opinion). Then

More information

Industrialization Unit Reading. The link below will provide a simple explanation on the differences between the two.

Industrialization Unit Reading. The link below will provide a simple explanation on the differences between the two. Industrialization Unit Reading The 19 th Century in American history is directly connected with the industrialization of the United States. Industrialization was the process by which everyday goods changed

More information

The Industrial Revolution

The Industrial Revolution Importance of the Agricultural Revolution The Industrial Revolution Agricultural Revolution Before the Industrial Revolution, most people were farmers. Wealthy landowners owned most of the land, and families

More information

Technology and theories of economic development: Neo-Schumpeterian approach (Techno-economic Paradigms)

Technology and theories of economic development: Neo-Schumpeterian approach (Techno-economic Paradigms) Technology and theories of economic development: Neo-Schumpeterian approach (Techno-economic Paradigms) Freeman, C. & Perez, C. (1988) (Structural Crises of Adjustment. in G. Dosi et al. (eds.), Technical

More information

Robber Barons or Captains of Industry?

Robber Barons or Captains of Industry? "This, then, is held to be the duty of the man of wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance; and, after doing so, to consider all surplus revenues

More information

The Gilded Age. A Remarkable Transformation. Video: The Rush of the Express

The Gilded Age. A Remarkable Transformation. Video: The Rush of the Express The Gilded Age A Remarkable Transformation The most remarkable transformation of the country in the late nineteenth century involved the change from a primarily agricultural to an industrial nation. American

More information

Globalization in historical and contemporary perspective

Globalization in historical and contemporary perspective Globalization in historical and contemporary perspective Approximate real value of $100 The Virtuous Circle of the dollarbased global monetary system (fiat currency system) Political economy can be understood

More information

NYU-Stern School Graduate Division B Fall Term Prof. George D. Smith

NYU-Stern School Graduate Division B Fall Term Prof. George D. Smith NYU-Stern School Graduate Division Fall Term 2010 Prof. George D. Smith OF THE UNITED STATES Monday and Wednesday September 8 - December 13 Syllabus [Subject to revision] Course Description and Requirements

More information

Competition-through-innovation: The third industrial stage

Competition-through-innovation: The third industrial stage MPRA Munich Personal RePEc Archive Competition-through-innovation: The third industrial stage James D Smith New School University 2001 Online at http://mpra.ub.uni-muenchen.de/9531/ MPRA Paper No. 9531,

More information

Captain of Industry or Robber Baron?

Captain of Industry or Robber Baron? Andrew Carnegie Andrew Carnegie was born in Scotland in 1835. He migrated to the Allegheny, Pennsylvania with his family when he was 13 years old. He took a job as a bobbin boy, changing spools of thread

More information

I. The Industrial Revolution

I. The Industrial Revolution The Industrial Revolution, Corporations, and the Labor Movement I. The Industrial Revolution A. Progress and Poverty I : Centennial Exhibition of 1876 Inventions and Inventors 1 I. The Industrial Revolution

More information

Developed in Consultation with Tennessee Educators

Developed in Consultation with Tennessee Educators Developed in Consultation with Tennessee Educators Table of Contents Letter to the Student............................................. 5 Test-Taking Checklist............................................

More information

American Federation of Labor

American Federation of Labor Samuel Gompers Samuel Gompers was a cigar maker who became a labor union leader and a key figure in American labor history. Gompers founded the American Federation of Labor (AFL), and served as that organization's

More information

The Industrial Revolution

The Industrial Revolution The Industrial Revolution Discussion Question What factors caused the Industrial Revolution to begin in England? Causes of the Industrial Revolution Favorable natural resources Agricultural Revolution

More information

Labor and Capital without Technology. Labor Alone. Figure 21-1

Labor and Capital without Technology. Labor Alone. Figure 21-1 Labor and Capital without Technology 549 theory of economic growth that helps answer these and many other questions. The theory of economic Figure 21-1 Productivity Growth during the Past 300 Years Productivity

More information

Industrialism and Progressivism

Industrialism and Progressivism An Online Professional Development Seminar Henry Binford National Humanities Center Fellow, 1990-91 Professor of History and Urban Affairs, Northwestern University We will begin promptly on the hour. The

More information

Unit 5 - Economic Principles

Unit 5 - Economic Principles Unit 5 - Economic Principles Key Concept: Connections Related Concepts: Resources, Equity Global Context: Globalization and Sustainability Statement of Inquiry Resources have connected our global economy

More information

Progressive Era & MONOPOLIES Key Players. Created for: JML Social Studies 7th Grade Created by: JML Library 2014

Progressive Era & MONOPOLIES Key Players. Created for: JML Social Studies 7th Grade Created by: JML Library 2014 Progressive Era & MONOPOLIES Key Players Created for: JML Social Studies 7th Grade Created by: JML Library 2014 Carnegie, Andrew Andrew Carnegie - video on history.com Empires of Industry: Andrew Carnegie

More information

Lesson Chronicles Project: The Men Who Built America Episode 8: A New Machine

Lesson Chronicles Project: The Men Who Built America Episode 8: A New Machine Name: Date: (2 points) Episode 8 Grade Lesson Chronicles Project: The Men Who Built America Episode 8: A New Machine Points Earned out of 130 Percentage Grade Episode 8 Mission Write the Episode 8 mission

More information

The Industrial Revolution

The Industrial Revolution Journal: Complete the chart on technological inventions: Modern day invention: What life was like before it: What has changed because of it: The Industrial Revolution Industrial Revolution The greatly

More information

Industrialization

Industrialization Chapter Industrialization 1865 1901 SECTION 1 The Rise of Industry SECTION 2 The Railroads SECTION 3 Big Business SECTION 4 Unions A steel-mill worker gathers a ball of molten iron at the U.S. Steel plant

More information

Industrialization Spreads Close Read

Industrialization Spreads Close Read Industrialization Spreads Close Read Standards Alignment Text with Close Read instructions for students Intended to be the initial read in which students annotate the text as they read. Students may want

More information

SSUSH11: EXAMINE CONNECTIONS BETWEEN THE RISE OF BIG BUSINESS, THE GROWTH OF LABOR UNIONS, AND TECHNOLOGICAL INNOVATIONS.

SSUSH11: EXAMINE CONNECTIONS BETWEEN THE RISE OF BIG BUSINESS, THE GROWTH OF LABOR UNIONS, AND TECHNOLOGICAL INNOVATIONS. SSUSH11: EXAMINE CONNECTIONS BETWEEN THE RISE OF BIG BUSINESS, THE GROWTH OF LABOR UNIONS, AND TECHNOLOGICAL INNOVATIONS. ELEMENT C: Examine the influence of key inventions on US infrastructure, including

More information

Nine Inventions That Changed the World. Answer the questions in the chart using the information you find online. What did the new invention do?

Nine Inventions That Changed the World. Answer the questions in the chart using the information you find online. What did the new invention do? Directions: Nine Inventions That Changed the World Answer the questions in the chart using the information you find online. Inventions Who was the inventor or inventors? What did the new invention do?

More information

Chapter 25 - The Rise of Industry

Chapter 25 - The Rise of Industry 25.1 - Introduction Chapter 25 - The Rise of Industry The tragedy began late in the afternoon on March 25, 1911. The quitting bell had just sounded at the Triangle Shirtwaist Factory in New York City.

More information

Basic Electricity Principles & Boiler Wiring Fundamentals. Presented by Steve Connor April 20, 2016

Basic Electricity Principles & Boiler Wiring Fundamentals. Presented by Steve Connor April 20, 2016 Basic Electricity Principles & Boiler Wiring Fundamentals Presented by Steve Connor April 20, 2016 Today s Topics 1 Some basics & historical background Electricity and its current types The advantages

More information